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What about Gala?
GALA (Gala Games) is a cryptocurrency that was created in 2020 as the standard currency for Gala Games projects. Based on the Ethereum and Binance Smart Chain blockchains, GALA is packed with such benefits as security, transparency, and decentralization. GALA tokens can either be earned by running a node or purchased on a crypto exchange. One can use them to buy in-game items in Gala Games projects, pay for game subscriptions, or simply trade with other players. GALA is also working on integrating with major gaming platforms, such as Steam and Xbox Live. With its focus on the gaming industry, GALA has the potential to become the go-to currency for gamers around the world.
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Gala (GALA) Overview
The digital utility token known as GALA serves as the primary currency within the Gala Games and Entertainment ecosystem. It ensures secure and convenient payment and settlement for participants interacting within the ecosystem. The GALA coin also functions as the primary reward mechanism for Founder's Nodes.
Through GALA tokens, individuals can purchase NFTs (non-fungible tokens) and acquire licenses for various nodes, including Founder's Nodes, from the Gala Games store.
The GALA token is freely transferable between users, granting them complete control over its usage. The digital asset operates across multiple blockchains, such as Ethereum and GalaChain. In the GalaChain Blockchain, the GALA coin acts as the gas fee for bridging transactions to other chains, like the Ethereum blockchain and BNB Smart Chain.
The live price of GALA with real time updates and comprehensive market statistics of the Gala Games cryptocurrency is provided on the interactive price chart above.
Along with providing the ultimate GALA price statistics, Changelly also offers a secure and intuitive crypto exchange platform where users can trade Gala tokens for other cryptocurrencies at a great exchange rate.
Through us, you can also buy Gala using fiat currencies and familiar payment methods, including VISA, Mastercard, bank account, and more.
GALA Token Features
Gala Games has a unique tokenomics model for its core utility token GALA. The distribution of GALA tokens is split between Founder's Node Operators and the Gala Conservativeship.
If you wonder how many GALA coins exist, the total supply is capped at 50 billion GALAs.
The daily emission of the coin depends on the current circulating supply, which can be reduced through burning as gas within the Gala Games ecosystem or other ecosystem activities. The emission rate is dynamic and responsive to the total supply. If the supply decreases below a certain point, the emission rate can increase to meet demand.
The team of the Gala Games platform burned a significant amount of tokens in May 2023 to demonstrate transparency and sustainability. GALA tokens are used to cover network fees for transactions on GalaChain and are burned as a result. Founder's Nodes, run by licensed operators, play a crucial role in the Gala Games ecosystem and receive a portion of the daily GALA distribution if they meet certain criteria.
The Gala Games and Entertainment Company
Gala Games and Entertainment is an innovative company that aims to revolutionize the gaming, music, and film industries using blockchain technology. Gala Games was founded in 2019 by Eric Schiermeyer, co-founder of Zynga, and a team of gaming experts, crypto pioneers, and blockchain developers. Some team members worked on the creation of such legendary games as Command and Conquer, Doom, and Halo.
How Does Gala Work?
Gala stands out from other gaming ecosystems by empowering players to control game development through community voting on submitted game ideas. This grants gamers complete ownership of their in-game items, including NFTs.
Gala users gather in-game NFTs from various play-to-earn games on the platform, using them either for in-game advantages, boosts, and reward opportunities, or freely trading them on the secondary market. This ownership and trading capability of in-game items enables players to enjoy their gaming experience with less commitment, granting them the freedom to explore and play more games.
Gala generally develops its own games. Town Star and The Walking Dead: Empires are illustrious examples of the company’s game development endeavors. However, it also cooperates with well-established external studios. The company also works closely with OpenSea to facilitate its official NFT collections.
At the heart of Gala's gaming ecosystem is GalaChain, a games-first blockchain technology specifically designed to handle the transaction throughput needed for different games to scale and grow. Gala’s blockchain provides provable and verifiable ownership to token holders, allowing players to have complete control over their in-game items, known as Non-Fungible Tokens (NFTs).
These NFTs can range from cosmetic changes for playable characters to full ownership of in-game characters or items. Players can earn rewards in the form of the game's cryptocurrency, such as GALA or game-specific tokens like SILK, by completing challenges or winning matches. NFT owners can also rent out their items to other players through a secure rental system integrated into the game.
The Network of Products
The Gala ecosystem isn't limited to blockchain games. The company expands its expertise to the music and film industries, offering artists a decentralized platform to sell their melodies directly to supporters as NFTs. Through the Gala music platform, fans can own original copies of songs and participate in Listen and Earn programs, where they can engage with their favorite artists and earn rewards.
Similarly, Gala aims to revolutionize the film industry by allowing creators to sell their content directly to supporters. Through the Gala Film platform, users can access unique experiences and participate in the Watch and Earn ecosystem.
The operation of the entire Gala network, including both Gala Music and Gala Film, relies on a decentralized network of nodes. Each Gala node type has a designated workload crucial for the network's operation. The initial nodes, known as Founder's Nodes, enable participants to contribute to the network's growth and have voting rights for decisions concerning Gala Games and Entertainment.
Additionally, other nodes serve specific functions such as running game servers (e.g., Last Expedition) or acting as the music player for Gala Music ecosystem.
Gala Games and Entertainment's mission is to empower people by giving them ownership and control over their favorite games, music, and films. Through its innovative approach, the company has already given away billions of dollars in rewards, changing lives and lifting people out of poverty.
You can access the live GALA price and GALA price history using our interactive chart above. It reflects the average price of the GALA cryptocurrency today, as well as the price fluctuations over a specific period of time, including the all time high and all time low price points of the Gala crypto asset.
Our GALAs price chart provides real-time updates and allows you to analyze the GALA market trends, making informed decisions regarding buying or selling GALA. Stay updated with the latest GALA price movements and historical data to navigate the crypto market effectively.
The Current Price of Gala Today
The live GALA price with frequent updates is provided on the chart above of our cryptocurrency exchange. Changelly allows you to track the GALA-USD price, as well as the asset’s current market cap (market capitalization), 24 hour trading volume, and recent price change.
Along with accessing the latest GALA price, our platform can be used to buy GALA with fiat money or exchange your GALA crypto holdings for other cryptocurrencies like Shiba Inu, Binance Coin, and other trending coins.
To help you decide if the Gala games crypto is a good investment, you can read our GALA price prediction. Our GALA forecast provides insights into the potential future value of the GALA cryptocurrency based on market trends, fundamental & technical analysis, and other relevant factors.
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